Investors bought shares of Newell Brands Inc. (NYSE:NWL) on weakness during trading on Tuesday. $71.19 million flowed into the stock on the tick-up and $20.53 million flowed out of the stock on the tick-down, for a money net flow of $50.66 million into the stock. Of all stocks tracked, Newell Brands had the 6th highest net in-flow for the day. Newell Brands traded down ($0.05) for the day and closed at $52.67
NWL has been the subject of several recent analyst reports. UBS AG set a $60.00 price objective on shares of Newell Brands and gave the company a “buy” rating in a research note on Tuesday, May 9th. Jefferies Group LLC boosted their price objective on shares of Newell Brands from $61.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Newell Brands in a research note on Saturday, April 22nd. BidaskClub raised shares of Newell Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Saturday, July 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $58.07.
The firm has a market capitalization of $24.34 billion, a PE ratio of 19.83 and a beta of 1.17. The firm has a 50 day moving average price of $52.25 and a 200 day moving average price of $50.17.
Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.96 billion. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. Newell Brands’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 earnings per share. Equities research analysts predict that Newell Brands Inc. will post $3.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s payout ratio is 36.95%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Harfst & Associates Inc. purchased a new position in Newell Brands during the first quarter valued at approximately $103,000. BDO Wealth Advisors LLC purchased a new position in Newell Brands during the second quarter valued at approximately $107,000. Israel Discount Bank of New York purchased a new position in Newell Brands during the first quarter valued at approximately $112,000. Parallel Advisors LLC raised its position in Newell Brands by 23.0% in the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock valued at $132,000 after buying an additional 544 shares during the last quarter. Finally, BB&T Investment Services Inc. purchased a new position in Newell Brands during the second quarter valued at approximately $143,000. 94.87% of the stock is owned by institutional investors.
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Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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